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...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...(Ethan Wu) Bank earnings Banks are the most economically sensitive of businesses. They earn a spread by acquiring money at a lower price and lending it at a higher one....
Current rates from the state-owned savings bank
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...The US has announced sanctions against an individual and two organisations accused of targeting Palestinians in the West Bank....
...[MUSIC PLAYING] It’s a big week for central banks. The US Federal Reserve, the Bank of England and the Bank of Japan will all be making important announcements about interest rates in the coming days....
...Coventry would integrate Co-op Bank “over several years” upon completion of the deal, it added....
...“Taken together, the absence of news and the passage of time have brought a Bank Rate cut somewhat closer,” Pill said on Tuesday....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch sourced in market-based finance”....
...Bank lending has dried up since the ECB last year raised its benchmark deposit rate to 4 per cent....
...The Bank for International Settlement’s latest Quarterly Review is out, and it includes an interesting little aside on prime brokerages, the corner of investment banks that service hedge fund clients....
...Standard Chartered’s outgoing head of investment banking has sold £9.64mn of shares days after the bank revealed he would be leaving amid a corporate shakeup....
...Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied...
...India’s central bank has banned Kotak Mahindra Bank from issuing credit cards or taking on new digital and mobile banking customers, marking the regulator’s latest crackdown on the country’s fast-growing...
...Investor mistrust about the fair value of European bank assets, and their resulting knockdown valuations, is the other problem. Stoxx 600 banks trade under 7 times forward earnings....
...The bank said it continued to expect the metric to average 2.9 per cent this year....
...Some banks are unable to quantify their exposure to private equity, the Bank of England has found, in the latest warning that the $8tn industry could threaten the wider financial system....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge funds, pension funds, insurers...
...China Merchant Bank, one of the leading commercial banks in China, reported its first revenue drop since 2009 due to the central bank’s cuts in loan prime rate and weak credit demand....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...The World Bank said the money could be leveraged to result in a $70bn boost to its lending firepower....
...In a further sign that global borrowing costs are heading lower, the Swiss National Bank unexpectedly cut its key rate on Thursday....
...The UK’s Coventry Building Society has agreed heads of terms to buy Co-op Bank for £780mn in a deal that would return the private equity-owned bank to mutual ownership....
...The SNB reduced its headline rate by 25 basis points to 1.5 per cent, making it an outlier among western central banks....
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